Many people stopped using cash in the early 2000s because they found debit cards were more convenient.
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Many people stopped using cash in the early 2000s because they found debit cards were more convenient. Smartphones are now doing to plastic what cards did to cash. If people can use their smartphone to make payments, will currency disappear? How will the components of M1 change?
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The shift from physical currency to digital forms of payment facilitated by technologies such as deb...View the full answer
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